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Poll: Would You Use Twitter for Investing Advice?

CNBC
Wednesday, 9 Mar 2011 | 9:42 AM ET
Twitter
Source: Twitter
Twitter

More than 200 million people use Twitter worldwide—it's become a social networking phenomenon, revolutionizing the way information is consumed and shared.

Now, a London hedge fund is planning to use Twitter in a new way: making investment decisions based on tweets.

The fund's founder, along with an Indiana University professor, believe the collective moods of Twitter messages can predict market movements in the days ahead.

Using propietary technology, the fund will monitor tweets and sort them into ten catagories, such as calm or alert or happy.

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Not a Scientific Survey. Results may not total 100% due to rounding.

What do you think? Would you consider using Twitter for investing advice? Take our poll, share your opinion, and look for the results Wednesday on CNBC.

Watch Kate Kelly's "Trading on Twitter" reports on Wednesday, March 9, on Squawk Box, The Call, The Strategy Session and Fast Money on CNBC.